Not only can you get started in wholesaling with just a minimal cash outlay, wholesaling also offers a valuable introduction to real estate investing fundamentals such as running comparables, determining if a deal is good or not, establishing ARVs, and estimating renovation costs.  

Hi @Philip E.

HMM;  IMO, that's a fundamental mistake, just as premature withdrawal from an IRA.You started on a good path with either of these, now let then sit and create another path using REI.

I look at is as if you are going to buy a stock your not interested in what city the company is located, your more interested in the P/E ratio and return it will give you.

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The fundamental question on the matter is does 10 months of payments support the idea that future payments will also be made on time in full?  

There are some fundamentals for why apartments have some wind in the sail...But, c'mon - $50,000 for 60es buildings.

@Michael Noto@Randy E.

So for tax filing purposes, does having your wife as a Member make your LLC a Partnership and thus requiring its own annual return (Form 1065), or is it still just a pass through (Schedules C and E) on your Joint return?  

California Investor Buys E.